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W.W. Grainger
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Latest analysis
Updated Aug 4, 2026
Grainger raises FY2026 guidance after Q2 organic growth of 13.7% daily, driven by broad MRO acceleration and data center project tailwinds.
W.W. Grainger delivered Q2 2026 organic constant currency daily growth of 13.7%, with operating margin of 16.1% — up 120 basis points year-over-year — supported by IEEPA tariff refunds worth 90 basis points of gross margin and accelerating MRO market demand. Data center construction is driving outsized project-based spend, adding approximately 90 basis points to High-Touch volume growth and pressuring gross margin while remaining accretive to operating margin. Management raised full-year EPS guidance to $45.50–$47.25 and guided Q3 daily organic constant currency growth above 12%, with preliminary July trends already at 13%.
Tone: bullishRevenue
$17.9B
GWW 10-K · FY 2025
Revenue growth YoY
+4.5%
Founded
1927
Headquarters
Lake Forest, IL
Profile
GWW 10-K Item 1 · Feb 19, 2026W.W. Grainger is a broad-line distributor of maintenance, repair and operating (MRO) products and services operating primarily in North America, Japan, and the U.K. The company serves customers through two models: high-touch solutions for complex buyers and an endless assortment platform for long-tail procurement. Its value proposition centers on product availability, same-day shipping, next-day delivery, and eCommerce convenience.
Read filing description ↓ Collapse description ↑
W.W. Grainger, Inc. is a broad line distributor of maintenance, repair and operating (MRO) products and services with operations primarily in North America, Japan and the U.K. Grainger uses its high-touch solutions and endless assortment businesses to serve customers worldwide, who rely on Grainger for products and services that enable them to run safe, sustainable and productive operations. The Company's continued strategic aspiration for 2026 is to relentlessly expand Grainger's leadership position by being the go-to partner for people who build and run safe, sustainable, and productive operations. The High-Touch Solutions North America segment is focused on three areas: advantaged MRO solutions, differentiated sales and services, and unparalleled customer service. In the Endless Assortment segment, the business is focused on product assortment expansion and innovative customer acquisition and retention capabilities. Additionally, all Grainger businesses are focused on continuously enhancing operational processes to improve service and cost through technology, strong supplier relationships, supply chain infrastructure and a continuous improvement mindset, which ultimately delivers long-term returns for shareholders. Grainger's products are purchased from more than 5,000 primary suppliers located in various countries around the world, not one of which accounted for more than 5% of total purchases in the year ended December 31, 2025.
Primary products
- Maintenance, repair and operating (MRO) products
- High-touch solutions
- Endless assortment
Business segments
End markets
Geographies
Named customers
“The facilities maintenance industry is highly competitive, and changes in competition and other risks could increase our costs, impact demand for Grainger's products and services or impact the profitability of our business.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased $774 million, or approximately 5%, on both a reported and daily organic constant currency basis in 2025 versus 2024, with both High-Touch Solutions N.A. and Endless Assortment segments contributing to growth.
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